The best performing sector as of midday Wednesday is the Technology & Communications sector, up 0.2%. Within that group, DXC Technology Co (Symbol: DXC) and Take-Two Interactive Software, Inc. (Symbol: TTWO) are two large stocks leading the way, showing a gain of 2.5% and 2.2%, respectively. Among technology ETFs , one ETF following the sector is the Technology Select Sector SPDR ETF (Symbol: XLK), which is up 0.3% on the day, and up 15.81% year-to-date. DXC Technology Co, meanwhile, is up 9.13% year-to-date, and Take-Two Interactive Software, Inc. is up 13.83% year-to-date. Combined, DXC and TTWO make up approximately 0.6% of the underlying holdings of XLK.
The next best performing sector is the Services sector, higher by 0.1%. Among large Services stocks, Michael Kors Holdings Ltd (Symbol: KORS) and CVS Health Corporation (Symbol: CVS) are the most notable, showing a gain of 5.5% and 4.1%, respectively. One ETF closely tracking Services stocks is the iShares U.S. Consumer Services ETF ( IYC ), which is up 0.1% in midday trading, and up 13.18% on a year-to-date basis. Michael Kors Holdings Ltd, meanwhile, is up 9.99% year-to-date, and CVS Health Corporation, is down 3.96% year-to-date.
Comparing these stocks and ETFs on a trailing twelve month basis, below is a relative stock price performance chart, with each of the symbols shown in a different color as labeled in the legend at the bottom:
Here's a snapshot of how the S&P 500 components within the various sectors are faring in afternoon trading on Wednesday. As you can see, three sectors are up on the day, while five sectors are down.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
